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leonid [27]
2 years ago
6

Lee company is a perfectly competitive firm. the market price of its output is $10. the firm is currently producing 100 units of

output. at this level of output, the firm’s average total cost is $12 per unit, its average variable cost is $9 per unit, and its marginal cost is $10 per unit. on the basis of this information, what can we say?
Business
2 answers:
elixir [45]2 years ago
7 0
<span>Lee company is a perfectly competitive firm. the market price of its output is $10. the firm is currently producing 100 units of output. at this level of</span>
riadik2000 [5.3K]2 years ago
3 0
Best Answer is : Lee Company is suffering a loss, but it should stay in business in the short run. Because Any firm (regardless of market structure) will maximize profit by producing and selling the quantity at which marginal revenue is equal to marginal cost.In the special case of a perfectly competitive firm,marginal revenue is equal to price.
Thus in the special case of a perfectly competitive firm, profit is maximized by producing and selling the quantity at which price is equal to marginal cost.This firm’s price of $10 is equal to its marginal <span>cost, which is also $10.</span>
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New Business Ventures, Inc., has an outstanding perpetual bond with a coupon rate of 11 percent that can be called in one year.
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Answer:

961.88

Explanation:

First, examine whether the bond will be called if interest rate falls to 9%. The call price is

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Bond will be called. The price of the callable bond therefore is:

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3 years ago
When serving a lemon drop shot, what do you give the customer?
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3 0
3 years ago
The following information is for S Corp first year of operations. Amounts are in millions of dollars. The enacted tax rate is 25
baherus [9]

Depreciation Expense  $ 4

<h3>What is Depreciation?</h3>

Depreciation in accounting refers to two aspects of the same concept: First, the actual decrease in the fair value of an asset, such as the annual decrease in the value of factory equipment.

The claim for depreciation on assets used by the assessee for the purpose of business or profession during the previous year. If an asset has been in use for more than 180 days, depreciation of 50% is allowable in that year.

Depreciation in Action - If a company purchases a delivery truck for Rs. 100,000 and expects to use it for 5 years, the company may depreciate the asset at a rate of Rs. 20,000 per year for a period of 5 years.

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6 0
2 years ago
Minor company installs a machine in its factory at the beginning of the year at a cost of $135,000. the machine's useful life is
sveticcg [70]

To determine what the depreciation of an asset using straight line method, the formula to be used is:

(Initial cost of machine – salvage value) divided by estimated useful life


So in this problem:

Initial Cost - $135000

Salvage Value – $15000

Estimated Useful Life – 5 years

Plug that in the formula


Annual depreciation = ($135000 - $15000) / 5

= $120000/ 5

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The first year depreciation for the machine is $24000 because the company bought it in the beginning of the year. (So there is no need to divide this by 12 months)

To record this:

Depreciation Expense $24000

<span>          Accumulated Depreciation $24000</span>

3 0
3 years ago
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